HomeMy WebLinkAbout1996-03-26 - RESOLUTIONS - PROPERTY TAX REVENUE EXCHANGE (2)RESOLUTION NO. 96-29
JOINT RESOLUTION OF THE BOARD OF SUPERVISORS
OF THE COUNTY OF LOS ANGELES AND THE
CITY COUNCIL OF THE CITY OF SANTA CLARITA
APPROVING AND ACCEPTING NEGOTIATED EXCHANGE
OF PROPERTY TAX REVENUE RESULTING FROM
"ANNEXATION 1995-02" TO THE CITY OF SANTA CLARITA
WHEREAS, pursuant to Section 99 of the Revenue and Taxation Code, prior to the
effective date of any jurisdictional change the governing bodies of all agencies whose service
areas of service responsibilities would be altered by such a change must determine the amount
of property tax revenue to be exchanged between the affected agencies and approve and accept
the negotiated exchange of property tax revenues by resolution; but if the affected agency is a
special district, the Board of Supervisors must negotiate on behalf of the district; and
WHEREAS, the Board of Supervisors of the County of Los Angeles and the City Council
of the City of Santa Clarita have determined that the amount of property tax revenues to be
exchanged between their respective agencies as a result of the annexation of unincorporated
territory to the City of Santa Clarita entitled "Annexation No. 1995-02" is as set forth below.
NOW, THEREFORE, BE IT RESOLVED:
1. The negotiated exchange of property tax revenue between the County of Los
Angeles and the City of Santa Clarita resulting from "Annexation 1995-02" is approved and
accepted.
2. For fiscal years commencing July 1, 1997, or the July 1 after the effective date
of the jurisdictional change, whichever is later, three ($5) in property tax revenue shall be
transferred from the County of Los Angeles to the City of Santa Clarita.
In addition, for each fiscal year commencing July 1, 1997, or the July 1 after the effective date
of this jurisdictional change, whichever is later, a portion of the annual tax increment (ATI)
attributable to the Tax Rate Areas within the Santa Clarita "Annexation 1995-02" area, as set
forth below, shall be transferred from the County of Los Angeles to the City of Santa Clarita,
and the County's share of incremental tax growth shall be reduced accordingly.
Tax Rate Are y
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08591 6.4
For fiscal years commencing July 1, 1997 or the July 1 after the effective date of
this jurisdictional change, whichever is later, all property tax revenue received by Road District
No. 5 attributable to the Santa Clarita "Annexation 1995-02" area shall be transferred to the
County of Los Angeles.
4. 1 In the event that all or a portion of the annexation area is included with a
redevelopment project pursuant to California Community Redevelopment Law, Health & Safety
Code Sections 33000 et seq., the City of Santa Clarita shall not adopt the ordinance approving
the redevelopment plan with respect to the annexed area until such time as the Redevelopment
Agency of the City of Santa Clarita has diligently and in good faith consulted with the County
with respect to the plan and to the allocation of taxes, pursuant to Health & Safety Code Section
33670 or any other relevant provision of law. Any ordinance approving a redevelopment project
which does not comply with this paragraph shall be void and of no effect with regard to the
subsequent allocation and distribution of taxes to the Redevelopment Agency.
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4. The City Clerk shall certify to the adoption of this resolution.
1996, PASSED, APPROVED AND ADOPTED this 26thday of March
.) 17
CLERK -moi
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) §
CITY OF SANTA CLARITA )
I, Donna M. Grindey, City Clerk of the City of Santa Clarita, do hereby certify that
the foregoing Resolution was duly adopted by the City Council of the City of Santa Clarita at
a regular meeting thereof, held on the 25 day of March 1996 by the following
vote of Council:
AYES: COUNCILMEMBERS: Heidt, Smyth, Pederson, Darcy, Boyer
NOES: COUNCILMEMEERS:
ABSENT: COUNCILMEMBERS:
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CLERK
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